Hi HDB,
Welcome back. I trust the Ramadan fast is going well..
Thank you for the tip.. I'm looking at the technicals for PNC as we speak.. I like to be the guy who would rather learn how to fish so he can feed his family and teach others how to fish to so I'm trying to understand why i do certain things.. and make sense of them based on the simplistic model I have put together for myself ans is still a work in progress.. what indicators did you use to arrive at your call if you don't mind me asking and what time frame are you looking at?
Is it indicators similar to the ones used in your CCI Trading system?
Look forward to your response
Hi
No not CCi based but a simple yet one of the strongest charting tool.....inverse head and shoulders!!
Use a daily chart...ull see the inverse h&s strating from about 17 April with left shoulder, head around 1 June and another small right shoulder thereafter!!
It broke the neckline around R13.70 today and hence you can see the techies jumping in today...up nearly 4%!!
U can also use the stoch indicator which shows oversold too so definitely a rally will be and is under way!!!